On July 26, Mandopop star Jay Chou fulfilled his promise to fans by holding his first live stream on Chinese video-sharing app Kuaishou, and boy, was it a huge success.. Yu said in the first nine months of 2019, more than 19 million people earned income through Kuaishou, many of them from poverty-stricken counties. Lu uses his colorful video stream to show how everyday materials can be turned into sophisticated clothing. The two make a good team," Zhang recalls in the book. or. But unlike its competitor, it earns most of its revenues from online ads, which the new rules do not affect. It does, however, provide a more specific list of behaviors that are prohibited in its livestreams. On February 14th, Kuaishou started the Medical Staff Health Care Initiative and donated 12 million RMB to help over 10,000 frontline medical workers in Hubei. Thank you for taking your time to send in your valued opinion to Science X editors. Experts say Kuaishou may have to navigate similar issues with its overseas app Zynn, which is looking to take on TikTok, and already proving popular in the United States. Kuaishou is a popular video-sharing app established in 2011, backed by the technology conglomerate Tencent. Streaming cash: Taiwanese 'King of Mando-pop" Jay Chou … Apart from any fair dealing for the purpose of private study or research, no Zhang found a two million yuan ($309,000) investment and the company was born, he said in a book on its origin story, "The Power to be Seen: What is Kuaishou". Your opinions are important to us. Recently we wrote about Xinba’s ambition to achieve over 8 billion RMB during Double 11, and he made it, with total sales of 8.8 billion RMB in the end. 2.3 trillion: short video and live streaming likes, shares and comments on the app 19,941: Employees 40.7 billion yuan ($6.3 billion): revenue in nine months to Sept. 30, 2020 Between July 2019- June 2020, Content creators globally reached 300 million whereas 52% of the users are male and 48% are female. The platform's business model, however, differs from that of TikTok and others, as it does not rely on direct advertising but on tipping. But while its competitor Douyin—the Chinese version of TikTok—is famed for trendy and typically urban influencers, Kuaishou reaches a different demographic, lassoing in migrant workers and rural Chinese. Shares in Kuaishou Technology, whose name means "quick hands", almost tripled on debut last Friday, bringing the company's value to $159 billion. Live streaming content on Kuaishou is intermixed with video content on the main home feed, there is no separate live streaming tab. Kuaishou has recently released guidelines to prevent live streaming hosts from portraying the products in a misleading manner. Live … In June last year, Kuaishou launched a service that helped e-commerce live-streamers reach out to new users. 769M average MAUs, in their apps and mini-programs in China. +86 minutes in […] Kuaishou is a stronger relationship based platform, thus the e-commerce conversion rate on Kuaishou is higher than on Douyin. 8. That is an increasingly sensitive area in China, with rules tightened on livestreaming in November, banning underage users from giving virtual rewards on online live shows. Spotted: Major Chinese online travel agency Tongcheng-Elong Holdings has announced a strategic partnership with the video-sharing site Kuaishou. Short video and live streaming app Kuaishou said gross merchandise volume (GMV) for the 11 months through November grew nearly eight times from a … "Su Hua is a technology and algorithm-driven talent, and Yixiao is a very product-minded person. The monthly sales via the Kuaishou platform in 2019 reached more than 10 billion RMB. By using our site, you acknowledge that you have read and understand our Privacy Policy But a majority of the company's revenues come from livestreaming, where viewers can buy virtual gifts for streamers during their shows—making up 62 percent of total revenue in the first nine months of 2020 for the group, which takes a percentage. Click here to sign in with In a speech last year, vice-president Yu Jingzhong said 70 percent of Kuaishou's traffic was allocated to "ordinary people". Kuaishou is tapping the zeitgeist as well as the capital markets. But as of the latest 6 months ended FY 2020, the contribution dropped down to 69%, due to more rapid growth of the online marketing services segment. The group caters to public demand to watch vloggers lip synching in real time to pop tunes. You can send your favourite live performer anything from a rose for 5 yuan (80 cents) to a space rocket for 500 yuan. Kuaishou says it made a conscious decision to channel viewers to less famous content creators. This site uses cookies to assist with navigation, analyse your use of our services, and provide content from third parties. Daily science news on research developments and the latest scientific innovations, Medical research advances and health news, The most comprehensive sci-tech news coverage on the web. Only one of the… Founded by former Google employee Su Hua and Cheng Yixiao as an app built around sharing animated GIF images, Kuaishou pivoted to short video in 2013 and added live streaming … The four main contents of Kuaishou fashion live broadcast are skincare, beauty makeup, hairdressing, and manicure. In China’s popular online-streaming industry, virtual gift-giving is big. Hello! Welcome to my channel, baby Monkey Thank you for your watching. At the time, Kuaishou was just a tool for making and sharing GIFs, short animated images. Lu uses his colourful video stream to show how everyday materials can be turned into sophisticated clothing. It’s a video company. The live streaming e-commerce industry was estimated to be worth about one trillion yuan, or $154.6 billion in 2020. But while its competitor Douyin—the Chinese version of TikTok—is famed for trendy and typically urban influencers, Kuaishou reaches a different demographic, lassoing in migrant workers and rural Chinese. As the Kuaishou app grew, so did ways to monetise its content. The present is just a symbol, but the money is real – and that’s what’s made Kuaishou Technology so successful. But while its competitor Douyin — the Chinese version of TikTok — is famed for trendy and typically urban influencers, Kuaishou reaches a different demographic, lassoing in migrant workers and rural Chinese. First Half of 2020, Kuaishou Live-streaming DAU reached 170 million. Live Streaming Kuaishou enables users to interact with their followers more dynamically through live streams. Your email address is used only to let the recipient know who sent the email. The information you enter will appear in your e-mail message and is not retained by Tech Xplore in any form. Science X Daily and the Weekly Email Newsletter are free features that allow you to receive your favorite sci-tech news updates in your email inbox, Chinese TikTok rival Kuaishou nearly triples on Hong Kong debut, Bug bounty company PingSafe AI discovers iPhone call recording app vulnerability, Researchers create a hybrid technology that combines III-V tunnel FETs and MOSFETs, Neural network CLIP mirrors human brain neurons in image recognition, Unsecured cloud configurations expose data across thousands of mobile apps, SN4KE: A lightweight and scalable framework for binary mutation testing.
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